Question
1, Golden Fleece Management stock is expected to pay a dividend of $7.46 in 1 year. The stock is currently priced at $67.39, is expected
1, Golden Fleece Management stock is expected to pay a dividend of $7.46 in 1 year. The stock is currently priced at $67.39, is expected to be priced at $69.65 in 1 year, and is expected to be priced at $72.59 in 2 years. What is the dividend in 2 years expected to be for Golden Fleece Management stock? The stock's dividend is paid annually and the next dividend is expected in 1 year.
An amount equal to or greater than $7.44 but less than $7.87
An amount equal to or greater than $8.00 but less than $8.07
An amount less than $4.77 or an amount greater than $8.07
An amount equal to or greater than $4.77 but less than $7.44
An amount equal to or greater than $7.87 but less than $8.00
2, Two years ago, the price of a bond was $924.00, and one year ago, the price of the bond was $989.00. Over the past year, the bond paid a total of $67.00 in coupon payments, which were just paid. If the bond is currently priced at $951.00, then what was the rate of return for the bond over the past year (from 1 year ago to today)? The par value of the bond is $1,000.
2.93 (plus or minus .02 percentage points) | ||
12.20 (plus or minus .02 percentage points) | ||
3.05 (plus or minus .02 percentage points) | ||
14.29 (plus or minus .02 percentage points) | ||
None of the above is within .02 percentage points of the correct answer |
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